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Stock Market & Financial Investment News

News Breaks
January 7, 2013
17:18 EDTIGTInternational Game files preliminary proxy materials
International Game Technology announced that it has filed preliminary proxy materials with the U.S. Securities and Exchange Commission SEC in connection with the company's 2013 annual meeting of shareholders. IGT notes that it has received a notice of intent to nominate four director candidates in conjunction with and on behalf of Charles Mathewson, the former chairman and CEO of IGT, and Richard Pickup, a longtime associate of Mr. Mathewson. The board believes that the Ader Group's proxy fight is the result of a long-running dispute between IGT and Mathewson. The IGT Board strongly believes that the Ader Group nominees, if elected, may seek to advance an agenda that is not in the best interests of all IGT shareholders.
News For IGT From The Last 14 Days
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April 15, 2015
17:07 EDTIGTInternational Game subsidiary awarded $75M-$80M Minnesota Lottery contract
International Game subsidiary GTECH Corporation has entered into a contract with the Minnesota State Lottery to provide new lottery technology, an IP-communications network, multimedia displays, self-service products, and ongoing support services, following a competitive procurement. The 7.5 year integrated services contract with the Lottery contains three renewal options of one year each, or up to one renewal of three years, or any variation thereof. The company expects to receive approximately $75M-$80M in revenues over the base 7.5 year contract period, which runs through August 9, 2023.

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